On March 25, 2021. Philips Corporation purchased bonds of Atlas Corporation for $180 million and classified the securities as trading securities. On December 31, 2021, these bonds were valued at $200 million. Three months later, on April 3, 2022, Phillips Corporation sold these bonds for $189 million As part of the multistep approach to record the 2022 transaction Phillips Corporation should first update the fair value adjustment by recording A gain of $9 million in 2022 An unrealized holding gain of $31 million in 2022 An unrealized holding loss of $11 million in 2022 An unrealized holding gain of $9 million in 2022